While individual companies adapt to the new political economy in the West it does not diminish New D...........

English ( Master) Paragraph Completion

While individual companies adapt to the new political economy in the West, it does not diminish New Delhi’s responsibility to make a case for more open immigration policies for India’s skilled workers. _______________________________. This, as economists from David Ricardo to Jagdish Bhagwati have pointed out, increases the size of global economic output despite the costs. It is obvious that the tightening of immigration is likely to have a net negative effect on the global economy.

Also, investment in advanced technologies itself, such as by Infosys, could be a measure to deal with high labour costs in the U.S.

Not surprisingly, there is now increasing speculation that many Indian IT giants will refrain from sponsoring H-1B visas for junior engineers.

Sadly, since the benefits of globalisation are diffused among billions of people while its costs are concentrated on a smaller but organised group, such adjustments often end up validating populist, protectionist policies.

The economic rationale behind the free movement of labour is that it promotes economic efficiency.

Other Indian outsourcing firms have recruited in the United States, but Infosys is the first to give concrete hiring numbers and a timeline for its plans, following Trump's visa review.

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Explanation:

Correct Answer is (d).The statements preceding as well as following the blank are in support of the idea of immigration of skilled workers and free movement of labour. The statement for the blank hence should centre around the same idea.
Statements A, B and E are, on the other hand, share information that is contradicting to what is required for the blank. Hence, options A, B and E can be eliminated.
Out of the rest of the choices, statement D would be the best pick for the blank as it evidently discusses the reason for free movement of labour.
Option D is hence the correct answer.